Steel News

Posco’s Emissions-Reducing Efforts Recognized by Worldsteel

08 September 2010 - Posco recently received a Climate Action Member certificate from the World Steel Association (Worldsteel) for its efforts to reduce greenhouse gas emissions. Posco has been issued the certificate of recognition for two consecutive years.

New Electric Steelmaking Complex Commissioned at Izhstal OAO

08 September 2010 - Mechel OAO announced that the Russian Prime Minister Vladimir Putin commissioned a new electric steelmaking complex at Izhstal OAO. The new facility comprises an electric arc furnace with a capacity of 40 tonnes and a continuous slab caster.

Severstal Reports Financial Results for 2nd Quarter, First Half of 2010

08 September 2010 - OAO Severstal reports a net profit of $192 million on revenue of $4.245 billion for the second quarter, and a net loss of $593 million on revenue of $7.387 billion for the first half of 2010.

Mechel OAO Announces Work Suspension at New-Olzherasskaya Mine

07 September 2010 - Mechel OAO announced that mining operations are currently suspended at New-Olzherasskaya Underground mine—part of Southern Kuzbass OAO, Mechel’s coal mining subsidiary—due to coal self-heating that occurred in mid-August in the long wall face No. 21-1-7.

ArcelorMittal South Africa Appoints New CFO

07 September 2010 - The Board of Directors of ArcelorMittal South Africa Ltd. has appointed Rudolph Torlage as Chief Financial Officer and Executive Director of the company with effect from September 3.

SMS Meer to Supply Universal Mill to OAO Novokuznetsk Iron & Steel

07 September 2010 - OAO Novokuznetsk Iron & Steel has placed an order with SMS Meer for a new universal rail and section mill. The mill is designed for a capacity of 1.3 million tonnes per year, 950,000 tonnes of which are rails.

Posco to Purchase Daewoo International Shares

07 September 2010 - Posco signed a share sale and purchase agreement with Kamco, the head of Daewoo International Joint Sales Council, on August 30, acquiring approximately 68% of Daewoo International shares totaling 68,681,566 shares. Posco was selected as a preferred bidder this past May.

OJSC ArcelorMittal Kryviy Rih Reports Q2 Environmental Protection Investments

07 September 2010 - ArcelorMittal Kryviy Rih has invested a total of 111.197 million UAH in environment protection in the period from April to June 2010, an increase of 1.8 times compared to the same period of 2009.

Outokumpu Publishes Handbook on Welding Stainless Steel

03 September 2010 - The first edition of the Outokumpu Welding Handbook has been published. The Group expects the handbook to be useful for welders, engineers, metallurgists, designers, and other specialists.

Nippon Steel Suspends Delivery of Galvanized Pipe from Kimitsu

03 September 2010 - Nippon Steel suspends delivery of galvanized steel pipes from its Kimitsu Works when the company discovers that some of the facility’s pipes had been insufficiently galvanized.

Outotec to Supply Iron Ore Sinter Plant for SAIL

03 September 2010 - Outotec has been selected by the Steel Authority of India Ltd (SAIL) to design and deliver an iron ore sinter plant for the company's Bhilai Steel Plant in Chhattisgarh.

ThyssenKrupp Steel Europe Welcomes 328 New Apprentices

03 September 2010 - ThyssenKrupp Steel Europe AG has taken on 328 new apprentices in 19 occupations with the startup this week of its latest apprentice training year.  To ease the transition from school to working life, all newcomers attend a week-long initiation course in which they meet other apprentices, learn about the company, and spend time focusing on workplace health and safety.

Solintal Buckets Made of Hardox Wear Plate from SSAB

03 September 2010 - Solintal's strong and durable bucket design has a Hardox In My Body license, SSAB’s quality guarantee demonstrating that the wear structure is made of Hardox wear plate.

Vale Signs Railroad and Port Contracts

01 September 2010 - Vale has signed contracts with Gerdau Açominas to transport steel products and coal using Vale's logistics infrastructure—Vitória-Minas Railroad and Praia Mole Terminal in Espírito Santo—over the next three years.

Corus Increases Aerospace Steel Prices

01 September 2010 - Corus Specialty Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after January 1, 2011. The price increase will apply to the full range of air melted and remelted products in ingot, slab, billet, bar, and coil form.

Severstal Announces Changes to Senior Management Team

01 September 2010 - Changes to OAO Severstal’s senior management team will take effect on September 1, 2010. These include Alexander Grubman, currently CEO of Severstal Resources division, being appointed CEO of Severstal Russian Steel.

ArcelorMittal Kryviy Rih Steel Bars Named Best Domestic Product

31 August 2010 - Deformed reinforcing steel bars produced by OJSC ArcelorMittal Kryviy Rih were recently recognized in Ukraine as a “Best domestic product 2010” after receiving high marks in product quality, domestic and foreign sales, and positive feedback from customers, among other categories.

Air Liquide Invests in New Production Units in Middle East

31 August 2010 - Air Liquide continues its development in the Middle East, investing almost €60 million in new production units in Egypt, Qatar, and Syria to support customers from the steel sector.

ThyssenKrupp Nirosta Consolidates Stainless Steel Service Center Operations

31 August 2010 - ThyssenKrupp Nirosta plans to consolidate all its stainless steel service center operations in a single unit, operating under the name ThyssenKrupp Nirosta. The new structure will take effect at the start of the new fiscal year on October 1, 2010.

Posco-South Asia Begins Operation

30 August 2010 - Posco-South Asia was officially launched in Bangkok, Thailand, on August 25 to help establish a global steel network in emerging markets of the Southeast Asia region, including Vietnam, Malaysia, and Indonesia, as well as Southwest Asia including India.